AU Optronics Corp (NYSE:AUO) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also weighed in on AUO. Zacks Investment Research lowered shares of AU Optronics Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. CLSA started coverage on shares of AU Optronics Corp in a research note on Friday, May 19th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.38.

Shares of AU Optronics Corp (NYSE AUO) traded down 0.49% on Friday, reaching $4.07. 2,695,708 shares of the company’s stock were exchanged. AU Optronics Corp has a 1-year low of $3.32 and a 1-year high of $4.95. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $3.94. The company has a market capitalization of $3.92 billion, a P/E ratio of 4.85 and a beta of 0.52.

AU Optronics Corp (NYSE:AUO) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.49. The company had revenue of $88.56 billion during the quarter, compared to analyst estimates of $88.56 billion. AU Optronics Corp had a return on equity of 11.96% and a net margin of 6.63%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.57) earnings per share. Analysts anticipate that AU Optronics Corp will post $1.06 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/08/au-optronics-corp-nyseauo-downgraded-by-bidaskclub-to-hold.html.

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in AU Optronics Corp during the fourth quarter valued at approximately $473,000. Comerica Bank raised its stake in AU Optronics Corp by 12.9% in the fourth quarter. Comerica Bank now owns 54,466 shares of the semiconductor company’s stock valued at $219,000 after buying an additional 6,235 shares in the last quarter. State Street Corp raised its stake in AU Optronics Corp by 21.4% in the fourth quarter. State Street Corp now owns 865,762 shares of the semiconductor company’s stock valued at $3,064,000 after buying an additional 152,778 shares in the last quarter. Allianz Asset Management AG raised its stake in AU Optronics Corp by 269.9% in the fourth quarter. Allianz Asset Management AG now owns 333,222 shares of the semiconductor company’s stock valued at $1,180,000 after buying an additional 243,142 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in AU Optronics Corp during the fourth quarter valued at approximately $448,000. 8.17% of the stock is owned by institutional investors and hedge funds.

About AU Optronics Corp

AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.

Analyst Recommendations for AU Optronics Corp (NYSE:AUO)

Receive News & Ratings for AU Optronics Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AU Optronics Corp and related companies with MarketBeat.com's FREE daily email newsletter.